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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market rebound driven by easing trade tensions and AI adoption."
In the second quarter of 2025, the Alger Weatherbie Specialized Growth Fund outperformed its benchmark, the Russell 2500 Growth Index, delivering an 11.63% return (Class A without sales charge) compared to the index's 11.31%. During the quarter, U.S. equity markets rebounded significantly from a challenging first quarter, despite initial April volatility spurred by the Trump administration's aggressive tariff announcements. Market sentiment stabilized following a 90-day tariff pause and subsequent suspension of reciprocal tariff increases on China, helping the S&P 500 reach record highs in June. Key sectors driving market gains included Information Technology and Communication Services, heavily bolstered by rapid AI adoption, corporate investment, and solid earnings. The Fund benefited from its largest sector overweights in Industrials and Health Care. Notable individual contributors included Sterling Infrastructure, which reported stellar operating results and raised guidance, Upstart Holdings, which experienced strong credit performance and product expansion, and Acadia Pharmaceuticals, driven by strong patient starts for Nuplazid and Daybue. Conversely, detractors included Neogen, RXO, and NeoGenomics, which suffered from weaker macroeconomic conditions and biopharma funding cycles. The management remains constructive on secular themes such as corporate digitization, cloud computing, and AI.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market reb...
Growth Outlook
Market outlook remains high conviction: The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market reb...
Risk Appetite
Risk appetite posture is high conviction: The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market reb...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market reb...
Forward Guidance
Forward guidance signal: The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market reb...
Language Signal
Tone analysis indicates high conviction language: The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market reb...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market reb...
Opportunity Density
Opportunity density index indicates high conviction actionable entry points. The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market reb...
Time Horizon
Investment time horizon reflects a high conviction orientation. The Alger Weatherbie Specialized Growth Fund outperformed its benchmark in Q2 2025, supported by key contributors like Sterling Infrastructure and Upstart, amid a strong market reb...
